MONEY MANAGEMENT

Natixis appoints international sales and marketing head, Asia-Pacific leader

Oliver Bilal was named head of international sales and marketing at Natixis Global Asset Management, while Fabrice Chemouny was appointed head of Asia-Pacific, confirmed Natixis spokeswoman Elizabeth Bartlett.

Both positions are new.

Mr. Bilal will oversee all related distribution and institutional activities across Europe, Asia, Latin America and the Middle East, as well as serve on the firm's executive and strategic committees. He will report to CEO Jean Raby.

Effective Sept. 1, Mr. Chemouny will oversee distribution activities and business development in the region and manage day-to-day relationships with investment affiliates in Asia-Pacific. He will report to Mr. Bilal in relation to his sales and marketing role and to Mr. Raby in relation to his role with affiliates in the region.

Mr. Bilal was with UBS Asset Management where he served as head of Europe, Middle East and Africa. It could not be learned by press time if he was replaced; UBS spokeswoman Sheryl Lee could not be immediately reached for comment.

Mr. Chemouny, meanwhile, was executive vice president of international institutional sales at Natixis Global Asset Management. His replacement will be announced before Sept. 1.

Natixis Global Asset Management had €832 billion ($877 billion) in assets under management as of Dec. 31.